Business
Archived — This article has been archived. The information may be outdated.
Hormuz traffic rebounds to 125 weekly transits but Ever Lovely strike halts UN evacuation plan CNBC says
CNBC··26 Jun
CNBC reported June 24 saw 62 crossings highest single day since war began at 53 percent of prior year levels. War-risk premiums rose from 0.05 to over 0.7 percent of hull value per transit.
Prism
What It Means For You
- Hormuz shipping affects global oil and trade costs.
- Insurance premiums have surged sharply for transit.
- Companies face risk versus market share tradeoffs.
What's Happening
- Shipping traffic is recovering after ceasefire deal.
- A cargo ship was attacked off Oman Thursday.
- UN paused evacuation of stranded Gulf vessels.
Strait Stakes
- Hormuz carries about 20 percent of world oil.
- IRGC mandates use of northern route.
- 60-day truce window is running.
all-newstrending-now
